Southern Copper is considering spending $1 billion-plus on a new smelter in Empalme, Sonora state.

The 33,000-hectare North Island property hosts a number of porphyry copper and gold occurrences at varying stages of development.

The European Union is finalizing partnerships with the DRC and Zambia to boost local industries.

New Caledonia has some of the world’s largest reserves of the metal, but its three smelters have faced years of losses linked to high costs and social unrest.

Chairman said it would be a mistake for Codelco to delay projects currently under development.

Output from the world’s biggest copper supplier after Chile this year jumped 20% through July from the same period in 2022.

The blockades that disrupted copper shipments and mine supplies late last year and early this year have been cleared.

The company will make an investment of $12 million to redouble its efforts in Peru.